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Collegiate  Training 

for 

Business 


BELOIT  COLLEGE 

Department  of  Economics 

Beloit,  Wisconsin 


Digitized  by  the  Internet  Archive 
in  2017  with  funding  from 

University  of  Illinois  Urbana-Champaign  Alternates 


https://archive.org/details/collegiatetrainiOObelo 


COLLEGIATE  TRAINING 
FOR  BUSINESS 


BELOIT  COLLEGE 

/ / 


Department  of  Economics  and 
Allied  Departments 


Issued  March,  1922,  as  Vol.  XX,  No.  3,  of  Beloit  College  Bulletin,  Beloit,  Wis.,  in 
January,  March,  October,  December. 


Entered  December  16,  1902,  at  the  Post  Office  in  Beloit,  Wisconsin,  as  Second  Glass 
Matter  under  Act  of  CtongTess  of  July  16,  189L 


2 


BELOIT  COLLEGE  BULLETIN 


THE  FACULTY  AND  OFFICERS  OF  ADMINISTRATION 


Melvin  A.  Brannon,  Ph.  D.  (Chicago)  LL.  D.  846  College  St. 

President  of  the  College. 

Clarence  L.  Clarke,  A.  B.  (Alfred)  635  College  St. 

Dean  of  Men. 


Mrs.  Anna  Lytle  Tannahill,  A.  B.  (Nebraska) 
Dean  of  Women. 

William  A.  Hamilton,  Ph.  D.  (Chicago) 
Registrar. 

Lloyd  V.  Ballard,  A.  M.  (Harvard) 

Professor  of  Economics. 

George  L.  Collie^  Ph.  D.  (Harvard) 

Professor  of  Geology. 

Robert  K.  Richardson,  Ph.  D.  (Yale) 

Professor  of  History. 

Henry  W.  Dubee,  A.  M.  (Harvard) 

Professor  of  German. 

Royal  B.  Way,  Ph.  D.  (Wisconsin) 

Professor  of  Political  Science  and  American 

George  C.  Clancy,  A.  M.  (Harvard) 

Professor  of  English. 

Henry  PI.  Armstrong,  Ph.  D.  (Michigan) 
Professor  of  Romance  Languages. 

William  E.  Alderman,  Ph.  D.  (Wisconsin) 
Professor  of  English. 

Roscoe  B.  Ellard,  A.  B.,  B.  J.  (Missouri) 
Professor  of  Journalism. 

John  A.  Herrington,  M.  E.  (Texas  A.  & M.) 
Associate  Professor  of  Mathematics. 

Oliver  M.  Ainsworth,  Ph.  D.  (Cornell) 
Assistant  Professor  of  English. 

Margaret  Wooster,  Ph.  D.  (Chicago) 

Assistant  Professor  of  Psychology. 

Albert  F.  Smith,  Ph.  B.,  B.  L.  I.  (Emerson) 
Assistant  Professor  of  Public  Speaking. 

Iva  M.  Butlin,  A.  M.  (Wisconsin) 

Librarian. 


847  College  St. 
805  Church  St. 
915  Park  Ave. 
48  Sherwood  Drive. 
829  Church  St. 
724  Clary  St. 
616  Harrison  Ave. 

History. 

703  Park  Ave. 
825  Park  Ave. 
718  Church  St. 
1312  Central  Ave. 
1056  Copeland  Ave. 
826  Clary  St. 
903  Park  Ave. 
810  College  St. 
715  Church  St. 


Frank  Colucci,  A.  M.  (Cornell)  839  Church  St. 

Assistant  Professor  of  Romance  Languages. 

William  H.  Stead,  A.  B.  (Beloit)  1210  Chapin  St. 

Instructor  in  Economics. 


Margaret  S.  Densmore,  A.  B.  (Beloit)  718  Clary  St. 

Instructor  in  English. 

Mrs.  Adella  B.  Brown,  A.  B.  (Tulane)  Chapin  Hall 

Instructor  in  French. 


Merle  E.  Curti,  A.  M.  (Harvard) 

Instructor  in  Political  Science  and  History. 


847  College  St. 


COLLEGIATE  TRAINING  FOR  BUSINESS 


3 


BUSINESS— A PROFESSION 

The  time  has  passed  when  men  may  enter  upon  business  careers  with  no 
other  qualification  than  the  possession  of  a knack  for  shrewd  bargaining. 
Ours  is  a very  complex  industrial  society  characterized,  most  significantly 
perhaps,  by  production  on  a stupendous  scale  for  national  and  world-wide 
markets.  This  necessitates  a minute  division  of  labor  and  a detailed  spec- 
ialization of  highly  integrated  parts  if  industry  is  to  produce  enough  to  sup- 
ply the  world’s  needs.  And  this,  in  turn,  means  that  collectively  all  trades, 
occupations  and  professions  must  function  efficiently  and  cooperatively  if 
each  is  to  prosper  separately,  for  economic  progress,  it  must  be  remembered, 
has  resulted  necessarily  in  an  ever-increasing  interdependence  of  men  and 
functions. 

Hence  breadth  of  training  rather  than  specialized  information  is  required 
of  those  who  would  successfully  direct  the  affairs  of  any  unit  of  this  great 
industrial  mechanism  of  ours.  The  business  man  who  hopes  to  prosper  these 
days  must  be  trained  “to  discern  the  signs  of  the  times.”  It  is  authentically 
stated  that  a very  large  percentage  of  the  failures  recorded  by  Dun’s  and 
Bradstreet’s  during  these  months  since  the  War  are  due  not  so  much  to  a 
lack  of  so-called  methods  of  scientific  management,  as  to  a lack  of  knowledge 
of  the  economic  and  political  background  of  business,  and  of  a consequent 
inability  to  forecast  the  future.  Training  in  politics,  psychology  and  statis- 
tical method  is  essential  to  the  successful  administration  of  business  in  these 
days  when  industrial  inter-relations  are  so  finely  and  intricately  adjusted 
that  a strike  of  a hundred  skilled  workers,  occasioned  perchance  by  some  un- 
witting stirring  of  race  prejudice,  will  throw  the  production  of  a great  steel 
plant  into  chaos  with  far-reaching  effects  upon  mining,  transportation,  con- 
struction, manufacturing,  market  operations  and  legal  procedure. 

The  modern  business  man,  hence,  must  not  only  be  efficient  in  the  organiza- 
tion and  functioning  of  his  particular  enterprise;  he  must  also  possess  the 
ability  to  see  the  relation  of  his  particular  enterprise  to  national  and  even 
international  production  and  exchange,  and  to  discern  the  influences  at  large 
which  plaj7  upon  every  line  of  productive  effort.  “Woe  to  the  business  man- 
ager whose  training  gives  him  a static”  and  provincial  “conception  of  busi- 
ness problems.” 

COLLEGIATE  TRAINING  FOR  BUSINESS 

If  this  be  true  then  the  training  possible  in  a liberal  college  is  of  prime  im- 
portance. Here  specialization  is  eschewed  and  emphasis  is  placed  upon  such 
courses  as  furnish  the  executive  with 

1)  a knowledge  of  the  fundamentals  in  business  organization  and  manage- 

ment, in  accounting,  in  processing,  and  in  the  marketing  of  products; 

2)  a knowledge  of  the  political,  economic,  social,  and  psychological  influ- 

ences effecting  the  courses  of  modern  economic  life. 

Such  knowledge  is  not  acquired  by  experience  except  at  great  costs  both 
to  the  individual  and  to  the  concern  which  employs  him.  Such  courses  as 
those  indicated  above  bring  to  the  student  the  accumulated  experience  of 
generations  of  business  men.  He  can  begin  his  business  career  with  this  ad- 
vantage. 


4 


BELOIT  COLLEGE  BULLETIN 


The  modern  business  executive  can  hire  all  of  the  specialists  he  needs.  It 
is  his  function  to  sit  in  a watch-tower,  as  it  were,  where  he  can  effectively 
coordinate  and  direct  the  work  of  these  specialists.  This  he  is  able  to  do  be- 
cause of  his  knowledge  of  external  influences  and  factors  as  well  as  of  in- 
ternal problems.  His  training,  therefore,  should  be  such  as  to  acquaint  him 
with  the  complexities  of  the  whole  production  process  rather  than  of  specific 
parts  of  it,  for  the  specialists  whom  he  employs  are  equipped  to  care  for  these 
latter. 


TRAINING  FOR  BUSINESS  AT  BELOIT 

The  courses  now  offered  by  the  various  departments  of  the  College,  when 
properly  coordinated,  provide  such  a training  as  has  been  described  above. 
By  varying  the  coordination  of  courses  given  by  the  Departments  of  Modern 
Languages,  History,  Political  Science,  Economics  and  Sociology,  Psychology, 
Geology  and  Engineering  a thorough  preparation  for  many  different  fields  of 
business  activity  may  be  secured.  Such  coordinations  are  outlined  in  the 
later  pages  of  this  Bulletin. 

Arrangements  are  also  made  to  enable  the  student  to  obtain  practical  ex- 
perience in  the  particular  line  of  business  for  which  he  desires  to  prepare. 
This  practical  experience  may  be  obtained  with  local  concerns  either  as  a part 
of  the  work  done  during  the  school  year  or,  preferably,  as  employment  dur- 
ing the  summer  vacations  in  situations  best  adapted  to  the  needs  of  the  par- 
ticular student. 

All  students  preparing  for  business  are  required  to  have  from  three  to  six 
months  of  such  actual  experience  in  their  chosen  field.  Opportunities  exist 
in  Beloit  and  in  neighboring  cities  for  such  contacts  with  the  business  world. 
The  banks,  business  houses  and  manufacturing  plants  of  the  city  have  dis- 
tinctly friendly1  relations  with  the  Department  of  Economics.  They  are  up- 
to-date  in  their  methods  and  handle  at  least  $100,000,000  worth  of  business 
in  every  normal  year.  Moreover,  Beloit  industries  have  foreign  markets  and 
operate  upon  a large  enough  scale  to  give  the  student  an  adequate  conception 
of  all  the  problems  of  modern  industry. 

This  practical  experience,  supplementing  the  work  of  the  class-room,  forms 
an  integral  part  of  the  student’s  training.  It  is  carefully  supervised  and  re- 
ported upon  by  those  cooperating  with  the  Department  in  this  work.  The 
satisfactory  completion  of  such  practical  work  is  necessary  before  the  stu- 
dent can  be  recommended  to  positions. 

THE  COLLEGIATE  PLAN 

In  collegiate  training  for  business  the  courses  are  so  planned  as  to  provide, 
during  the  Freshman  and  Sophomore  years,  a basic  knowledge  of  govern- 
ment, history,  economics,  English,  psychology,  and  some  one  modern  language. 
During  the  Junior  and  Senior  years  the  student  enters  upon  a course  of  stud}’ 
which  is  designed  to  prepare  him  for  the  particular  field  in  which  he  is  in- 
terested, such  as  banking,  merchandising,  manufacturing,  marketing,  foreign 
trade,  or  transportation.  Thus  the  student  is  acquainted  with  the  general 
problems  of  business  administration  and  at  the  same  time  with  the  political 
and  economic  environment  in  which  his  particular  enterprise  will  be  carried 
on. 

A vigorous  attempt  is  made  by  the  Departments  of  instruction  concerned 


COLLEGIATE  TRAINING  FOR  BUSINESS 


o 


to  maintain  in  the  work  of  the  class-room  the  same  standards  of  perform- 
ance which  will  be  required  of  the  student  when  he  takes  his  place  in  the 
business  world.  Promptness,  thoroughness,  and  quality  are  the  attributes 
stressed.  Only  such  students  as  maintain  an  average  of  B (80)  or  above  will 
receive  recommendations  for  appointments  or  positions.  The  possession  in 
generous  measure  of  the  qualities  just  enumerated  will  also  be  required 
of  those  who  desire  the  assistance  of  the  Department  in  securing  employment. 

THE  COLLEGIATE  METHOD 

Throughout  the  work  of  the  allied  departments  emphasis  is  placed,  first, 
upon  the  gathering  of  reliable  facts  and  experiences,  and,  second,  upon  a 
critical  examination  of  the  material  thus  collected.  The  assumption  here  is 
that  the  student  who  hopes  to  take  a significant  part  in  the  work  of  the 
world  must  be  able  to  think  constructively  with  respect  to  the  problems  of  his 
particular  enterprise;  and  to  think  constructively  he  must  be  able  to  summon 
or  secure  reliable  data  which,  when  analyzed  and  synthesized,  will  indicate 
the  desirable  courses  of  action. 

Few  men  possess,  fewer  men  still  need  rely  upon,  subtle  intuitions  as  to 
what  constitutes  the  best  business  policy  in  a given  instance.  To  be  in  a 
position  to  consult  and  to  capitalize  the  accumulated  experience  of  the  busi- 
ness men  of  the  past  and  of  those  now  in  strategic  economic  positions  re- 
leases valuable  time  and  effort  for  other  constructive  projects.  Moreover, 
the  policies  thus  arrived  at  are  more  likely  to  meet  the  particular  problem  in 
hand  because  account  is  taken  of  the  failures  and  successes  of  others  who 
have  faced  similar  problems. 

The  departments  therefore  insist,  first,  that  the  student  shall  be  trained 
in  methods  of  securing  reliable  data,  and  second,  he  must  learn  to  think  con- 
structively with  this  data.  Otherwise  success  in  business,  as  in  any  other 
profession,  becomes  a thing  of  chance. 

Such  a training  is  most  readily  secured  in  the  intimate  college  where  the 
student’s  mind  is  brought  into  daily  contact  with  his  instructor’s  in  the 
vigorous  discussions  of  methods  and  principles  underlying  business  pro- 
cedure. This  maturing  of  the  student’s  capacities  is  facilitated  by  the  use, 
as  far  as  is  possible,  of  actual,  rather  than  hypothetical,  problems.  In  the 
larger  institutions  such  opportunity  for  frequent  personal  contact  with  the 
instructor  is  impossible  because  of  the  greater  numbers  in  the  various  classes. 
This  in  turn  necessitates  the  use  of  the  lecture,  rather  than  the  discussion 
method  of  presenting  the  subject  matter  of  the  various  courses  of  study. 

PROPOSED  CURRICULAR  EXTENSIONS 

In  addition  to  the  course  now  offered  it  is  hoped  that  the  work  of  the 
various  departments  will  soon  be  amplified  by  the  courses  which  are  listed 
later  as  “ Proposed  Courses.”  These  are  given  in  parenthesis  when  listed 
in  the  suggested  correlations  which  follow  (pages  6,  7).  There  is  being  de- 
veloped a definite  prospect  for  the  additional  endowment  necessary  to  this 
expansion.  These  proposed  courses  have  been  listed  in  the  schedules  below 
because  students  may  plan  definitely  upon  these  additions  to  the  curriculum 
of  the  Departments  within  the  next  two  years  if  the  additional  endowment 
is  secured. 


6 


BELOIT  COLLEGE  BULLETIN 


COURSES  FOR  GENERAL  TRAINING 


1st  Quarter 

English  1 
History  1 
Political  Science  1 
French  1 or, 
Spanish  1 or, 
German  1 
Engineering  10 


1st  Quarter 

Economics  2 
American  History  22 
Psychology  1 
Commercial  Geog.  11 
Argumentation  4 
French  4 or 
Spanish  4 or 
German  4 or 
Italian  1 
English  4 
Geology  1 


First  Year. 

2nd  Quarter 

English  2 
History  2 
Political  Science  2 
French  2 or 
Spanish  2 or 
German  2 
Engineering  11 
Public  Speaking  2 

Second  Year. 

2nd  Quarter 

Accounting  13 
American  History  23 
Advertising  4 
French  5 or 
Spanish  5 or 
German  5 or 
Italian  2 
English  5 

Adv.  Composition  34 
Geology  2 


3rd  Quarter 

English  3 
History  3 
Political  Science  3 
French  3 or 
Spanish  3 or 
German  3 
Engineering  12 
Public  Speaking  3 
Economics  1 


3rd  Quarter 

Accounting  14 
American  History  23 
Advertising  5 
French  6 or 
Spanish  6 or 
German  6 or 
Italian  3 

American  State  and 
County  Govt.  10 
Adv.  Composition  35 
Geology  3 


COURSES  FOR  SPECIAL  TRAINING 

Third  and  Fourth  Years. 

Manufacturing  (General  Business) 


Business  Organization  and 
Management  5 

Markets  and  Market  Organization  20 
Financial  Organization  of  Society  15 
Railroad  Transportation  8 
General  Physiography  4,  5,  6 
Methods  of  Psychological  Testing  10 
(Cost  Accounting) 

Labor  Problems  3 


Business  Law  25 
Insurance  17 
Public  Finance  12 

Contemporary  Economic  Problems  19 
(Investments) 

(Corporation  Finance) 

(Business  Statistics) 

(Business  English) 


Merchandising  (Retailing) 


Markets  and  Market  Organization  20 
Business  Organization  and 
Management  5 

Commerce  and  Commercial  Policy  7 
Commercial  Geography  11 
The  Trust  Problem  4 
Municipal  Government  4 
Insurance  17 


Current  Economic  Problems 
(Cost  Accounting) 

Advertising  4,  5 
Business  Law  25 
Applied  Psychology  5 
Railroad  Transportation  8 
Commercial  Credit  (Summer  School) 
(Business  English) 


Foreign  Trade  and  Consular  Service 


Commerce  and  Commercial  Policy  7 
Financial  Organization  of  Society  15 
Comparative  Banking  16 
Markets  and  Market  Organization  20 
The  Trust  Problem  4 
General  Physiography  4,  5,  6 
Commercial  Geography  11 


Current  Economic  Problems  19 
Applied  Psychology  5 
International  Law  3,  12 
American  Diplomacy  31,  32,  33  * 
United  States  and  Latin  America  11 
English  History  7,  8,  9 
(Business  English) 


COLLEGIATE  TRAINING  FOR  BUSINESS 


7 


Banking  and  Insurance 


Financial  Organization  of  Society  15 
Comparative  Banking  16 
(Corporation  Finance) 

Commercial  Credit  (Summer  School) 
(Investments) 

Insurance  17 

Business  Organization  and 
Management  5 
Public  Finance  12 


Public  Finance  12 

Current  Economic  Problems  19 

Advertising  4,  5 

Business  Law  25 

Applied  Psychology  5 

Municipal  Government  4 

(Business  Statistics) 

(Business  English) 


Transportation 


(Corporation  Finance) 

Railroad  Transportation  8 
The  Labor  Problem  3 
The  Trust  Problem  4 
Business  Organization  and 
Management  5 

Current  Economic  Problems  19 


(Business  Statistics) 

(Business  English) 

Commerce  and  Commercial  Policy  7 
Economic  History  of  the  United  States 
(Summer  School) 

State  and  County  Government  10 
(Cost  Accounting) 


COURSES  OF  INSTRUCTION 

ECONOMICS 

Professor:  Lloyd  V.  Ballard 
Instructor:  William  H.  Stead 

1-2.  Principles  of  Economics. 

The  principles  of  economics  and  their  application  in  the  interpretation 
of  present  economic  society.  Prerequisite  for  all  other  courses  in  the 
department  except  Sociology  9-10. 

Five  hours>.  2 quarters , Sophomore,  Junior  or  Senior  year.  Open  to 
Freshmen  in  3rd  quarter.  Given  annually. 


Professor  Ballard 

5.  Business  Organization  and  Management. 

A study  of  the  various  business  units;  their  particular  functions,  and 
how  they  are  performed;  their  structure  and  life  history.  Text,  as- 
signed readings,  and  reports. 

First  quarter,  Junior  or  Senior  year.  Four  hours.  Prerequisite.  Course 
1-2.  Given  in  1922-23,  and  alternate  years. 

30-31-32.  Principles  of  Sociology. 

A study  of  evolution,  nature  and  functioning  of  modern  social  institu- 
tions. The  subject  matter  of  the  course  is  divided  as  follows: 

30 —  Social  Evolution 

31 —  The  Social  Processes 

32 —  Social  Institutions. 

Four  hours.  3 quarters,  Junior  or  Senior  year.  Given  annually. 


8 


BELOIT  COLLEGE  BULLETIN 


19.  Contemporary  Economic  Problems. 

Consideration  is  given  to  measures  of  industrial  readjustment,  the  rela- 
tions between  capital  and  labor,  government  and  business,  international 
commerce,  improvement  of  transportation,  public  finance,  and  social  ad- 
justments. 

Four  hours.  2nd  quarter , Junior  or  Senior  year.  Given  annually. 

4.  The  Trust  Problem. 

The  development  of  the  various  forms  of  business  organization,  com- 
binations, policies,  and  competitive  methods,  the  development  of  corpo- 
ration law  and  governmental  policy,  and  the  proposed  solutions. 

Four  hours.  3rd  quarter , Junior  or  Senior  year.  P rerequisite , Course 
1-2.  Given  in  1922-23  and  alternate  years. 

17.  Insurance. 

The  theory  of  original  risk-taking;  the  actuarial  principles  underlying 
insurance  of  life  and  property;  the  economic  and  social  significance  of 
insurance;  functions,  organization  and  methods  of  insurance  companies; 
the  various  forms  of  insurance. 

Four  hours.  ls>t  quarter , Junior  or  Senior  year.  Prerequisite,  Course 
1-2.  Given  in  1921-22  and  alternate  years. 

12.  Public  Finance. 

A study  of  public  expenditures  and  public  revenues,  methods  of  taxa- 
tion, the  budget;  public  debts  and  the  problems  of  adjustment  between 
local,,  state,  and  national  fiscal  procedure. 

Four  hours.  2nd  quarter,  Junior  or  Senior  year.  Prerequisite,  Course 
1-2.  Given  in  1921-22  and  alternate  years. 

20.  Market  Organization  and  Methods. 

A study  of  market  functions,  market  structure,  the  marketing  process, 
marketing  methods  and  problems. 

Four  hours.  3rd  quarter,  Junior  or  Senior  year.  Prerequisite,  Course 
1-2.  Given  in  1921-22  and  alternate  years. 

Mr.  Stead 

15.  Financial  Organization  of  Society. 

The  principal  institutions  studied  are  coinage  and  monetary  systems; 
credit;  commercial,  savings  and  investment  banks;  trust  companies;  stock 
exchanges;  and  commercial  paper  houses. 

Four  hours.  2nd  quarter,  Junior  or  Senior  year.  Prerequisite,  Course 
1,  2.  Given  annually. 

16.  Comparative  Banking. 

A study  of  the  banking  practice  of  the  leading  commercial  countries  of 
the  world. 

Four  hours.  2nd  quarter,  Junior  or  Senior  year.  Prerequisite,  Courses 
1 , 2 and  15.  Given  annually. 


COLLEGIATE  TRAINING  FOR  BUSINESS 


9 


13-14.  Accounting. 

A study  of  the  theory  and  technique  of  account  construction  and  its  ap- 
plication to  the  problems  of  the  business  executive.  Various  typical 
balance  sheets  will  be  used  to  introduce  the  students  to  the  more  gen- 
eral features  of  accounting  for  retail  and  wholesale  business,  partner- 
ships, corporations,  philanthropic  agencies,  and  the  government,  as  a 
basis  for  the  proper  interpretation  of  the  statements  of  business  con- 
cerns. 

Four  hours.  2nd  and  3rd  quarters , Junior  or  Senior  year.  Pre- 
requisite, Course  1-2.  Given  annually. 


3.  The  Labor  Problem. 

Its  relation  to  the  rise  of  the  factory  system,  evils  of  child  labor,  sig- 
nificance of  immigration,  the  sweating  system*  strikes  and  boycotts, 
economic  functions  of  labor  organizations  and  their  policies,  conciliation 
and  arbitration,  the  function  of  legal  enactment,  and  proposed  solu- 
tions of  the  labor  problem. 

Four  hours i.  1st  quarter , Junior  or  Senior  year.  Prerequisite , Course 
1-2.  Given  in  1922-23 , and  in  alternate  years. 

18.  Radical  Movements. 

A critical  analysis  of  Socialism,  Syndicalism,  Anarchism  and  Bolshevism. 

Four  hours.  3rd  quarter , Junior  or  Senior  year.  Prerequisite , Course 
1-2.  Given  in  1922-23,  and  in  alternate  years. 

25.  Elementary  Business  Law. 

A practical  course  dealing  with  the  more  elementary  forms  of  com- 
mercial intercourse  such  as  the  law  of  contracts,  agency,  fiduciary  re- 
lationships, and  the  sale  of  personal  property.  Text-book,  lectures,  and 
case  analysis. 

Four  hours.  1st  quarter,  Junior  or  Senior  year.  Given  in  1921-22, 
and  in  alternate  years. 

7.  Commerce  and  Commercial  Policies. 

A brief  resume  of  ancient  and  mediaeval  commerce,  the  effect  of  the  dis- 
coveries and  change  in  commercial  routes  upon  social  and  economic  con- 
ditions in  Northern  Europe,  effects  on  the  Industrial  Revolution,  ec- 
onomic conditions  underlying  trade  policies,  the  effect  of  such  policies 
upon  the  development  of  nations,  trade  policy  of  the  United  States,  and 
the  outlook  for  world  trade. 

Four  hours.  3rd  quarter,  Junior  or  Senior  year.  Prerequisite , Course 
1-2.  Given  in  1921-22,  and  in  alternate  years. 

8.  Railroad  Transportation. 

This  course  deals  with  the  economic,  social  and  legal,  instead  of  the 
technical  aspects  of  railway  transportation  and  includes  a discussion  of 
the;  organization,  functions  and  administration  of  the  railroads  of  the 
United  States. 

Four  hours.  3rd  quarter,  Junior  or  Senior  year.  Prerequisite,  Course 
1-2.  Not  given  in  1922-23. 


10 


BELOIT  COLLEGE  BULLETIN 


PROPOSED  COURSES 

Corporation  Finance. 

A analysis  of  the  financial  methods  of  the  larger  business  unite. 

Four  hours.  1st  quarter,  Junior  or  Senior  year.  Prerequisite,  Course 
1-2. 


Business  Statistics. 

A study  of  the  application  of  statistical  methods  to  the  problems  of  busi- 
ness management  and  administration. 

Four  hours.  2nd  quarter , Junior  or  Senior  year.  Prerequisite,  Course 
1-2. 


Investments. 

An  analysis  of  the  forms  and  principles  of  proper  and  profitable  invest- 
ment. 

Four  hours.  3rd  quarter , Junior  or  Senior  year.  Prerequisite,  Course 
1-2. 

Cost  Accounting. 

Elements  of  cost;  principles  and  general  methods  of  cost  finding;  re- 
cording and  compiling  of  cost  data;  systems  of  cost  determination;  use 
of  cost  records. 

Four  hours.  One  quarter , Junior  or  Senior  year.  Prerequisite , 
Courses  1-2,  13-14. 


SUMMER  SCHOOL 

6.  Economic  History  of  the  United  States.  Five  times  a week.  Three  hours 

credit. 

This  course  aims  to  trace  the  significant  movements  in  the  commercial 
and  industrial  development  of  the  country,  and  to  show  the  manner  and 
extent  to  which  economic  forces  have  determined  its  history.  Some  of 
the  topics  discussed  are:  Colonial  industry,  economic  aspects  of  the 
Revolution,  early  commerce  and  manufacturing,:  economic  aspect  of  the 
public  land  policy,  the  growth  of  transportation,  the  localization  of  in- 
dustry, development  of  national  resources,  Granger  movement,  American 
merchant  marine,  etc. 

9.  Commercial  Credit.  Five  times  a week.  Three  hours  credit. 

A study  of  the  functioning  of  credit  in  modem  industrial  society. 
Economics  Major:  36  hours  selected  in  conference  with  the  head  of  the 
department. 


ENGINEERING 

Associate  Professor:  John  A.  Herrington 

1-2-3.  Mechanical  Drawing. 

A course  in  drafting,  preparatory  to  the  work  of  any  of  the  engineering 
professions.  These  courses  cover  simple  lettering  and  dimensioning,  per- 
spective, isometric,  cabinet  and  orthographic  projection  of  simple  forms, 
together  with  sketching,  tracing,  and  blueprinting. 

Three  hours.  1st,  2nd,  and  3rd  quarters.  Open  to  all  classes. 


COLLEGIATE  TRAINING  FOR  BUSINESS 


11 


10-11-12.  Principles  of  Industrial  Work. 

A course  of  lectures,  with  readings  and  reports  upon  the  principal  lines 
of  industry.  The  course  is  especially  for  those  preparing  for  engineer- 
ing or  manufacturing.  It  is  also  useful  for  those  interested  in  com- 
merce. 

One  hour.  Freshman  year.  Three  quarters. 


ENGLISH 

Professor:  George  C.  Clancy 
Professor:  Anna  L.  Tannahill 
Professor:  William  E.  Alderman 
Assistant  Professor:  Oliver  M.  Ainsworth 
Instructor:  Margaret  S.  Densmore 


1-2-3.  Elementary  English  Composition.  Year  Course. 

Textbook  study,  theme-writing,  and  outside  reading.  Each  student  meets 
his  instructor  in  individual  conferences.  Any  situdent  found  dficient  in 
English  preparation  will  be  required  to  take  additional  work  to  make 
good  his  deficiency. 

Three  hours.  Three  quarters,  Freshman  year.  Required  of  all  Fresh- 
men. 


4-5.  Introduction  to  the  study  of  Literature. 

A careful  study  of  representative  works  of  English  Literature,  illustrat- 
ing various  types,  emphasizing  content  and  form  together  with  appro- 
priate presentation  of  the  historical  and  social  setting  of  the  works  con- 
sidered. 

Four  hours.  Two  quarters,  Freshman  year.  Sections  will  he  taught 
both  in  the  1st  and  2nd  quarters,  and  in  the  2nd  and  3rd  quarters. 

Business  English. 

The  underlying  principles  of  the  art  of  writing  effective  letters  as  ap- 
plied to  business;  analysis  of  effective  thought  and  expression  in  hand- 
ling business  correspondence,  including  routine  correspondence,  credit, 
collection,  and  adjustment  letters;  interdepartment  and  executive  mem- 
oranda; sales  letters;  training  correspondence. 

Two  hours.  One  quarter,  Junior  or  Senior  year.  Not  given  at 
present. 


GEOLOGY 

Professor:  George  L.  Collie 

1-2-3.  General  Geology. 

A study  of  the  earth’s  crust,  its  composition,  structures,  etc.  Lectures, 
reference  books,  laboratory  and  field  work. 

Four  hours.  1st,  2nd,  and  3rd  quarters,  Sophomore,  Junior , or  Senior 
year. 

1-5-6.  General  Physiography. 

A general  course  on  the  surface  features  of  the  globe.  Text-book,  lec- 
tures,, laboratory  and  field  work. 

Four  hours.  1st,  2nd , and  3rd  quarters,  Sophomore,  Junior , or  Senior 
year. 


12 


BELOIT  COLLEGE  BULLETIN 


11.  Commercial  Geography. 

A study  of  the  products  of  the  earth  and  their  place  in  modern  com- 
merce. Lectures,  reference  books,  and  laboratory  work. 

Four  hours.  1st  and  3rd  quarters,  Sophomore,  Junior  or  Senior  year. 

GERMAN 

Professor:  Henry  W.  Dubee 

1-2-3.  Elementary  German.  Continuous  Course  for  first  two  quarters,  Es- 
sentials of  German  grammar.  Oral  and  written  composition,  Reading 
of  easy  German  prose.  Conversational  drill. 

Four  hours.  1st,  2nd,  and  3rd  quarters,  Freshman  year. 

4-5-6.  Intermediate  German.  Continuous  Course  for  first  two  quarters. 

Reading  of  modem  German  prose  and  one  classical  drama.  Oral  and 
written  compositions.  Review  of  grammar. 

Four  hours.  1st,  2nd,  and  3rd  quarters,  Freshman  or  Sophomore  year. 


HISTORY 

Professor:  Robert  K.  Richardson 
Professor:  Royal  B.  Way 
Instructor:  Merle  E.  Curti 

Professor  Richardson,  Mr.  Curti. 

1-2-3.  General  European  History. 

1 and  2 or,  less  desirably,  2 and  3 form  a Continuous  Course. 

1.  From  378  to  about  1500,  with  cursory  survey  of  close  of  the  Ancient 
Period. 

2.  From  about  1500  to  the  French  Revolution. 

3.  The  French  Revolution  and  recent  Europe. 

The  exact  chronological  dividing  lines  of  these  courses  can  be  determined 
only  after  further  experience  with  the  new  arrangement  of  courses  in 
the  department. 

Four  hours.  1st,  2nd,  and  3rd  quarters,  Freshman  year. 

7-8-9.  English  Political  and  Constitutional  History. 

7.  From  1066-1485,  with  an  introduction  involving  a summary  review  of 
the  present  form  of  government  and  a cursory  study  of  the  Anglo- 
Saxon  period.  The  course  centers  about  the  nse  of  the  Courts  and 
the  Common  Law,  and  the  development  of  Representative  Government. 

8.  From  1485-1776.  This  period  includes  the  English  Reformation,  the 
struggles  of  King  and  Parliament,  the  emergence  of  the  Cabinet  Sys- 
tem, and  the  founding  of  the  British  Empire. 

9.  From  1776  to  the  present.  The  Industrial  Revolution,  the  advance  of 
Liberalism,  and  Irish,  Indian  and  Colonial  problems. 

Four  hours.  1st,  2nd,  and  3rd  quarters,  Junior  or  Senior  year. 


COLLEGIATE  TRAINING  FOR  BUSINESS 


13 


Professor  Way 

21-22.  American  Political  History,  1765-1876. 

First  Quarter:  The  constitutional  and  political  history  of  the  United 
States.  1765-1815. 

Second  Quarter:  Period,  1830-1876. 

Four  hours.  Sophomore,  Junior,  or  Senior  year.  Given  annually. 

23.  Recent  History  of  the  United  States,  1876-1920. 

3rd  quarter,  Sophomore , Junior,  or  Senior  year.  Consecutive  with 
Courses  21,  22,  but  they  are  not  prerequisite.  Given  annually. 


JOURNALISM 

Professor:  Roscoe  B.  Bellard 

4-5.  The  Principles  and  Practice  of  Advertising. 

A study  first  of  the  origin,  development,  principles  and  ideals  of  com- 
mercial advertising;  advertising  as  a business  force,  its  economic  fac- 
tors, and  its  influences  on  the  modernising  of  marketing  ideas;  second, 
a study  of  advertising  in  its  psychological  aspects;  advertising  and  the 
various  classes  of  instincts  and  emotions,  the  relative  force  of  associa- 
tions, the  laws  of  suggestion,  vividness  and  permanence  of  impression, 
ect.  Preparation  of  original  advertising  copy  will  be  required. 

Four  hours.  2nd  and.  3rd  quarters,  Sophomore,  Junior , and  Senior 
year. 

34-35.  Advanced  Composition. 

A course  in  expositoiy  writing  to  follow  Freshman  composition  as  in- 
troductory to  31-32-33.  A review  of  the  rudiments  of  composition.  A 
study  of  model  selections  from  the  prose  of  today.  Outside  reading, 
original  composition,  class  discussion  and  criticism. 

Two  hours.  1st  and  2nd  quarters,  Sophomore,  Junior,  and  Senior 
years. 


POLITICAL  SCIENCE 

Professor:  Royal  B.  Way 
Instructor:  Merle  E.  Curti 

1-2.  Comparative  Government.  Continuous  Course. 

For  Major  students  this  is  the  required  introductory  course. 

1.  First  Quarter:  A study  of  the  government  and  politics  of  the  United 
States. 

2.  Second  Quarter:  A study  of  the  governments  of  England,  British 
Empire,  France,  Switzerland  and  Germany  and  other  typical  countries 
as  time  permits.  A careful  study  is  made  of  each  particular  govern- 
ment and  especial  attention  is  given  to  the  fundamental  principles  of 
government,  the  problems  involved,  and  the  various  comparative  methods 
of  attempted  solution. 

Four  hours.  Open  to  all  students.  Separate  section  for  the  Juniors 
and  Seniors.  Given  annually. 


14 


BELOIT  COLLEGE  BULLETIN 


3-12.  International  Law. 

Essentials  of  public  international  law  in  peace  and  war. 

Four  hours.  1st  and  2nd  quarters , Junior  or  Senior  year.  Gwen  in 
m 1921—1922,  and  in  alternate  years. 

4.  Municipal  Government  in  the  United  States. 

Stress  will  be  placed  upon  the  presentation  of  the  latest  and  most  ap- 
proved principles  and  methods  of  municipal  administration. 

Four  hours.  3rd  quarter , Junior  or  Senior  year.  Given  in  1922-23. 

31-32-33.  American  Diplomacy,  1783-1921. 

International  relations  of  the  United  States  from  its  establishment  to 
the  present  time  and  the  progress  of  international  law.  Present  prob- 
lems of  American  diplomacy  and  world  politics  will  be  discussed. 

Four  hours.  1st , 2nd,  and  3rd  quarters,  Junior  or  Senior  year.  Given 
in  1922-23,  and  alternate  years-. 

10.  American  State  and  County  Government. 

Emphasis  is  placed  on  the  existing  defects  and  proposed  reforms. 

Four  hours.  3rd  quarter , Sophomore,  Junior  or  Senior  years.  Given 
ki  1922-23. 

11.  The  United  States  and  Latin  America. 

The  diplomatic  history  of  the  United  States  and  Latin  America  and  the 
special  study  of  the  current  problems  of  Latin  America. 

Four  hours.  2nd  quarter , Junior  or  Senior  year.  Not  qiven  in 
1922-23. 


PSYCHOLOGY 

Assistant  Professor  Wooster 

1.  Elementary  Psychology. 

An  introductory  course  giving  a survey  of  the  essential  facts  and  fun- 
damental laws  of  human  behavior. 

Four  hours.  1st,  2nd,  and  3rd  quarters,  Sophomore,  Junior , or 
Senior  year. 

5.  Applied  Psychology. 

A study  of  the  applications  of  Psychology  to  law  and  medicine,  adver- 
tising, salesmanship,  etc. 

Four  hours.  3rd  quarter,  Junior  or  Senior  year.  Prerequisite , 

Course  1. 

2.  Social  Psychology. 

An  analysis  of  human  nature  from  the  standpoint  of  social  behavior. 
Four  hours.  3rd  quarter,  Sophomore,  Junior,  or  Senior  year.  Pre- 
requisite, Course  1. 

10.  Methods  of  Psychological  Testing. 

A critical  study  of  individual  and  group  tests  now  in  use  for  general 
diagnostic  purposes,  with  practical  training  in  the  giving  of  certain 
standard  tests. 

Four  hours.  3rd  quarter,  Junior  or  Senior  year.  Prerequisite,  Course 
1 and  Course  14. 


COLLEGIATE  TRAINING  FOR  BUSINESS 


15 


PUBLIC  SPEAKING 

Assistant  Professor:  Albert  F.  Smith 

2-3.  Elementary  Public  Speaking. 

Drill  in  extemporaneous  forensic  speaking,  speeches  of  introduction, 
and  so  forth.  The  course  is  designed  to  accustom  a speaker  to  appearing 
before  an  audience. 

Two  hours.  2nd  and  3rd  quarters , Freshmen  year. 

4.  Argumentation. 

A study  of  the  principles  of  analysis,  brief-drawing,  evidence  and  pre- 
suasive  composition  designed  to  give  the  student  ability  in  constructive 
thinking  and  in  testing  the  argument  of  others. 

Four  hours.  1st  quarter,  Sophomore  year. 


ROMANCE  LANGUAGES 

Professor:  Henry  H.  Armstrong 
Assistant  Professor:  Frank  Colucci 

Instructor:  Mrs,  Adella  Brown 

1-2-3.  Elementary  French.  Continuous.  Course  for  the  first  two  quarters. 
Essentials  of  French  Grammar.  Composition  and  conversation.  Read- 
ing of  easy  French  prose. 

Four  hours.  1st,  2nd,  and  3rd.  quarters.  Primarily  for  Freshmen . 

4-5-6.  Intermediate  French. 

Reading  of  modern  French  plays,  stories,  and  novels,  with  composition 
and  conversation  based  on  the  texts  read. 

Four  hours.  1st,  2nd , and  3rd  quarters,  Freshman  or  Sophomore  year. 
Prerequisite,  Courses  1,  2,  3,  or  two  years  of  high  school  French . 

10-11-12.  Composition  and  Conversation. 

13-14-15.  Composition  and  Conversation. 

These  are  alternating  courses  dealing  with  practical  work  spoken  and 
written  in  French.  In  1922-1923  courses  10,  11,  12,  will  be  offered. 

Two  hours.  1st,  2nd,  and  3rd  quarters,  Sophomore , Junior , or  Senior 
years.  Prerequisite,  Courses  4,  5,  6,  hut  honor  students  who  have 
completed  five  quarters  of  the  elementary  and  intermediate  courses 
may  he  admitted  hy  permission  of  the  head  of  the  department. 


SPANISH 

1-2-3.  Elementary  Spanish.  Continuous  Course  for  the  first  two  quarters. 
Essentials  of  Spanish  grammar.  Composition  and  conversation.  Reading 
of  easy  Spanish  prose. 

Four  hours.  1st,  2nd,  and  3rd  quarters.  Open  to  all  students,  hut 
a previous  study  of  Latin  or  French  is  strongly  recommended. 


16 


BELOIT  COLLEGE  BULLETIN 


4-5-6.  Intermediate  Spanish. 

The  texts  read  illustrate  both  Spanish  and  Spanish- American  life.  Prac- 
tice in  speaking  and  writing  Spanish,  with  special  attention  to  com- 
mercial correspondence. 

Four  hours.  1st , 2nd , and  3rd  quarters,  Freshman  or  Sophomore  near. 

Prerequisite,  Courses  1,  2,  3,  or  two  years  of  high  school  Spanish. 

7-8-9.  Advanced  Spanish. 

10-11-12.  Advanced  Spanish. 

These  are  alternating  courses,  varying  in  content  according  to  the  needs 
of  those  electing  them.  For  1922-23,  elections  should  be  made  for 
10-11-12. 

Two  hours.  1st,  2nd,  and  3rd  quarters,  Sophomore,  Junior  or  Senior 
year.  Prerequisite,  Courses  4,  5,  6. 

ITALIAN 

1-2-3.  Elementary  Italian.  Continuous  Course  for  the  first  two  quarters. 
Essentials  of  Italian  grammar.  Composition  and  conversation.  Reading 
of  easy  Italian  prose. 

Four  hours.  1st,  2nd,  and  3rd  quarters,  Sophomore,  Junior  or  Senior 
year.  Not  given  in  1922-23. 

NOTE 

The  courses  listed  above  do  not  constitute  all  of  the  work  which  may  be 
taken  by  one  who  is  preparing  for  business.  A large  number  of  electives 
are  available  which  are  not  included  in  the  material  presented  above.  Other 
lines  of  study  may  be  pursued  as  the  student  desires  provided  the  Head  of 
the  Department  approves.  The  general  college  catologue  should  be  con- 
sulted for  further  details. 

AND  FINALLY 

Although  Beloit  College  makes  no  pretense  of  offering  a distinctly  com- 
mercial or  business  course,  such  as  is  given  by  so-called  Business  Colleges  and 
Schools  of  Commerce,  the  training  given  here  will  prepare  the  student  for 
larger  and  broader  activities  than  the  study  of  the  purely  technical  courses. 
No  attempt  is  made  to  teach  the  technicalities  which  fit  the  student  for  posi- 
tions as  bookkeepers,  accountants,  industrial  managers,  trust  promoters,  bond 
salesmen,  or  bankers,  but  the  general  study  carried  on  in  collegiate  courses 
supplies  a training  which  will  ultimately  place  the  college  graduate  in  posi- 
tions superior  to  those  held  by  high  school  graduates  who  turn  immediately 
to  the  study  of  the  more  highly  specialized  courses  of  the  Business  College  or 
the  School  of  Commerce,  that  they  might  prepare  themselves  for  the  technical 
work  of  subordinate  positions.  In  other  words  the  breadth  and  larger  out- 
look which  come  as  a result  of  an  extensive  study  of  the  economic  back- 
ground of  business  and  a somewhat  intensive  analysis  of  some  of  the  more 
specific  fields  of  industrial  activity  are  the  administrative  capacities  devel- 
oped in  collegiate  training  for  business. 

If  additional  literature  is  desired  address 

REGISTRAR 
BELOIT  COLLERE 
BELOIT,  WISCONSIN 


